Via Marginal Revolution, there are a number of interesting slides discussing changes in skills, demand for skills, and wage inequality. Further investigation brings to light a very awesome paper that discusses a standard model that shows wage inequality with different skills, how to estimate it, and where some shortcomings are. In conjunction with our knowledge …
Category Archive: Labour economics
Permanent link to this article: http://www.tvhe.co.nz/2012/01/19/rising-inequality-as-a-result-of-falling-scarcity/
Nov
17
2011
Global youth unemployment, why?
Arnold Kling raises the issue that youth unemployment has risen disproportionately during the recession. He raises three stories and says only one makes sense – his third story: Sticky wages, Shift in demand/technology His PSST story – where it is taking time for entrepreneurs to utilise labour/match skills following a structural shock. This is all …
Permanent link to this article: http://www.tvhe.co.nz/2011/11/17/global-youth-unemployment-why/
Sep
21
2011
Youth minimum wage and youth outcomes
One question I’ve been receiving a lot during presentations is “what is the cause of the really high youth unemployment rate”. I have been answering with two things: The youth minimum wage was significantly increased, making young people more expensive (but also making more young people want to participate in the labour market) A recession …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/21/youth-minimum-wage-and-youth-outcomes/
Sep
05
2011
Workers are different
It is true, and yes it is obvious … however, just because it is obvious doesn’t make it a useless fact – in truth it is an essential, and oft ignored point to keep in mind. As raised here (ht MR): Those of us who actually work in industry and are involved in large engineering …
Permanent link to this article: http://www.tvhe.co.nz/2011/09/05/workers-are-different/
Apr
05
2011
Beauty and brains
It is well known that beautiful people earn more, which goes some way to explaining Matt Nolan’s success in his stage career. What is apparently more difficult to understand is why they earn more. A paper tries to split out two effects: productivity and discrimination. For instance, …lecturers who are viewed as better looking receive …
Permanent link to this article: http://www.tvhe.co.nz/2011/04/05/beauty-and-brains/
Oct
12
2010
Nobel 2010
Congratulations to Peter Diamond, Dale Mortensen, and Christopher Pissarides on being joint winners of the 2010 Nobel Prize in Economics. I am stoked that Peter Diamond won this year – I was quietly rooting for him, especially after all this rubbish argument about whether he could be a Fed governor (of course he could be). …
Permanent link to this article: http://www.tvhe.co.nz/2010/10/12/nobel-2010/
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